Biringham, AL – ProAssurance Corporation (NYSE:PRA) recently announced that Edward L. “Ned” Rand, Jr. is assuming additional responsibilities as President of the Company.
Mr. Rand has been serving as Chief Operating Officer since January 2018. Prior to being promoted to that position he served 13 years as the Chief Financial Officer for ProAssurance.
Chairman and Chief Executive Officer Stan Starnes said, “Ned’s exemplary leadership has prepared ProAssurance to take advantage of the opportunities we expect to emerge as a result of changing loss trends in the healthcare professional liability market, while ensuring that we are also prepared to sustain our position of leadership as those market trends evolve. The Board and I have come to rely on Ned’s wisdom and insight into all our lines of business and we are confident that his leadership will continue to create value for our employees, customers and shareholders.”
ProAssurance’s line of business leaders will continue to exercise broad responsibilities for the success of their respective lines of business and will report directly to Mr. Rand and through him to Mr. Starnes.